Do you fondly remember your favorite childhood toys? Do you have happy memories of long games of Monopoly or Risk? Do you find younger kids’ perspectives interesting and often funny? When you see older kids horsing around, do you sometimes get the urge to join in? If you answered yes to these questions, chances are you enjoy children and the way they play. Chances are also good that you’d enjoy being a part of that play time. You can achieve that by starting a kids-related business. As you’ll discover in this article, now is a great time to do it. First things first. No matter what your background, skills or interests might be, a solid understanding of the kids’ industry is crucial before you decide where your own special niche might lie.
Business Ideas Tool. You have found the perfect business idea, and now you are ready to take the next step. There is more to starting a business than just registering it with the state. We have put together this simple step guide to starting your party rental business. These steps will ensure that your new business is well planned out, registered properly and legally compliant. A clear plan is essential for success as an entrepreneur. It will help you map out the specifics of your business and discover some unknowns. A few important topics to consider are:.
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Costs can be quite high. Just a single tent can cost thousands of dollars. Party rentals make money by purchasing equipment at wholesale prices and then renting that equipment out for a set fee. This is heavily dependent on where you work. Check rates in your area to see what other businesses are charging before you set your fees in stone. Your profit is determined by how long your equipment lasts, and how much you charge for each rental. However, seeing as how a wedding tent can handle far more than 17 weekends, then you enjoy practically unlimited profit after that. Choosing the right name is very important. We recommend checking if the business name you choose is available as a web domain and securing it early so no one else can take it. Establishing a legal business entity such as an LLC prevents you from being personally liable if your party rental business is sued. You should also consider using a registered agent service to help protect your privacy and stay compliant.
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JavaScript seems to be disabled in your browser. For the best experience on our site, be sure to turn on Javascript in your browser. This means that the wedding industry in the United States is a multi-billion dollar industry, and shows no signs of slowing down. This is good news for wedding venue owners and managers! Picture it: lines of white wedding chairs draped in ribbon, lined up along a grassy field overlooking a sunset. The happy couple exchanges their vows and caterers are on hand to pop champagne bottles for the toasts. For starters, weddings are a lucrative industry. It continues to grow every year, making it a relatively safe long-term investment. And barring most Bridezillas, weddings are generally fun events to throw. Plus, when you own property that gets rented for occasions like weddings, your real estate investment can pay out some serious dividends over time.
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Parents nowadays are indulging their offspring with much more elaborate affairs, from movie-themed parties to speciality sporting events, and they are prepared to pay for it. Lauren Prentice runs Sense Partiesa provider of specialised themed parties for children aged three to 12 years. Popular themes have included the circus, princesses; superheroes, pirates; zombies, and Mamma Mia, with a team of trained performers on hand do kid party hall owners make money bring the various themes to life.
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From her home in Lightwater, Surrey, Prentice launched the business three years ago after graduating from drama school. Today she entertains at more than 50 parties every month across London and the south-east. She has also set a limit on numbers, with a maximum of 35 children at a Sense Party, which has been welcomed by parents who often feel pressured to invite the whole class plus cousins, friends and neighbours without wanting to leave anyone. One of the biggest challenges, she says, is finding the right staff, people with a wide range of skills, including the ability and energy to entertain and engage 35 children, become a convincing character, be well organised, and willing to work four parties every weekend. In the case of Longbow Eventsthe theme is archery, with a safe and inflatable Hoverball archery range that can be set up in virtually any environment. The company was co-founded by Jason Powell, a graphic designer of 25 years, who originally started The Longbow Shop selling arrows he had made on eBay after becoming hooked on archery.
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